The Ecosystem: Milan moves to bridge the gap between basic research and start-up formation

15 Oct 2024 | News
R&D Funding

Tech Europe Foundation hopes to raise €1 billion by 2030 to support the city’s innovation ecosystem

By Ian Mundell

The Tech Europe Foundation will be based at Milan’s Parco dei Gasometri, currently being redeveloped as an innovation hub for the Politecnico di Milano.

A plan to build up Milan’s innovation ecosystem unveiled in September spans basic research, entrepreneurship and company innovation, It has the goal of pulling in €1 billion by 2030 and eventually supporting 1,000 start-ups every year.

The project will be implemented by the Tech Europe Foundation, a non-profit organisation established by Politecnico di Milano and Bocconi University, with the financial data group ION and private equity firm FSI. The Milan Chamber of Commerce is its first sponsor, contributing €50 million to its initial budget of €100 million.

Milan’s universities perform reasonably well in international league tables, with Politecnico di Milano hovering just outside the top 100 in the most recent QS World University Ranking and Bocconi University among the leading recipients of…

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